Navigating Employee Benefits: A Comprehensive Guide to Tax Implications for Employers
When it comes to employee benefits, understanding the associated tax implications is crucial for both employers and employees. At Meridian Accounting & Business Services in Rockhampton, Australia, we recognise the significance of optimising employee benefits while ensuring compliance with Australian tax laws. In this informative guide, we delve into the tax implications of employee benefits,…
Read More Nurturing SME Financial Wellness: A Holistic Approach Beyond Balance Sheets
In the dynamic world of small and medium-sized enterprises (SMEs), financial wellness goes beyond mere balance sheets. At Meridian Accounting & Business Services in Rockhampton, we understand the intricate interplay of financial elements crucial to SME success. In this blog, we explore the comprehensive concept of SME financial wellness, shedding light on aspects that extend…
Read More Navigating Tax Deductions: A Comprehensive Guide for Small Businesses
When it comes to small business management, understanding tax deductions is paramount for financial success. At Meridian Accounting & Business Services in Rockhampton, we recognise the significance of optimising tax benefits for small enterprises. In this comprehensive guide, we delve into the world of tax deductions, providing insights that empower small businesses to navigate the…
Read More Unleashing Business Potential: The Benefits of Outsourcing Accounting for Small Enterprises
In the landscape of small business operations, managing finances can be both a challenge and a necessity for growth. As a thriving business in Rockhampton, Meridian Accounting & Business Services understands the unique needs of local enterprises. In this blog, we explore the advantages that outsourcing accounting services can bring to small businesses, offering insights…
Read More Understanding the Role of Accountants in Business Advisory
Understanding the Role of Accountants in Business Advisory In today’s dynamic and highly competitive business environment, having a trusted advisor by your side is invaluable. Accountants play a pivotal role in business advisory, offering financial expertise, strategic insights, and guidance to help businesses thrive and achieve their goals. At Meridian Accounting & Business Services, we…
Read More How to Optimise Payroll Processes for Small Businesses
Efficient payroll management is a cornerstone of any successful small business. It ensures that employees are paid accurately and on time, maintains compliance with tax regulations, and contributes to overall business success. At Meridian Accounting & Business Services in Rockhampton, our highly experienced and professional team understands the vital role that streamlined payroll processes play…
Read More Jolly Season’s Greetings, Dear Business Owners and Merry Gift-Givers!
Santa here, spreading holiday cheer and answering your festive FAQs for your hardworking elves (employees) and cherished friends (clients). Let’s dive into the merry details to make your gift-giving as smooth as a sleigh ride through the snow! 1. Can Santa Employers Give Gifts to Employees? Ho-ho-Yes, indeed! But be like Santa and check if…
Read More The 13 Essential Tips for Finding the Perfect Accounting Sidekick for Your Business
So, you’ve decided it’s time to find the Robin to your Batman, the Chewbacca to your Han Solo, or the peanut butter to your jelly. Choosing the right accounting firm is no small feat; it’s like finding your financial soulmate! At Meridian Accounting & Business Services in Rockhampton, we get it. In this blog, we’re…
Read More Essential Financial Reports Every Business Owner Should Review
As a business owner, staying on top of your company’s financial health is crucial for making informed decisions and driving growth. Understanding the essential financial reports and regularly reviewing them allows you to assess the performance, identify areas of improvement, and make strategic adjustments. At Meridian Accounting & Business Services, our experienced and professional team…
Read More The Role of Accounting in Business Growth and Expansion: Streamlining Your Success
As businesses strive for growth and expansion, it becomes imperative to have a strong foundation in accounting practices. Effective accounting not only ensures compliance with tax regulations but also provides crucial insights into the financial health of the business. At Meridian Accounting & Business Services, a trusted accounting firm based in Rockhampton, Australia, our highly…
Read More $3.1 Billion Lost to Scammers – Don’t Become a Statistic!
That’s a lot of money. The statistics are in and we thought we would share some practical information to help you avoid becoming a statistic. We have seen instances where a client or their customer has become subject to a scammer gaining access to and changing bank details on invoices being sent or received via…
Read More Benefits of outsourcing your accounting services to a professional firm
Outsourcing accounting services has become increasingly popular among small business owners. With limited time and resources, managing finances in-house can be a daunting task. One solution is to outsource accounting services to a professional firm like Meridian Accounting based in QLD. In this blog, we will explore the benefits of outsourcing your accounting needs. Streamlined…
Read More The Benefits of Using Our Payroll Services
At Meridian Accounting & Business Services, we can handle all our clients’ accounting, bookkeeping and business-advisory needs. This includes providing payroll services if and when required – basically, taking care of the paying of your employees (calculating pay and deductions, transferring money, filing taxes, etc.). There are number of benefits to payroll outsourcing, which we…
Read More Common Small Business Mistakes and How to Avoid Them
This blog entry looks at seven classic errors made time and again by businesspeople, especially new business owners. Crucial to avoiding many of them is knowing when to seek expert help from outsiders such as Meridian Accounting & Business Services. Don’t let your operation suffer or fail by ignoring the small business mistakes below –…
Read More The Importance of Expert Business Advice
Business owners – especially new owners – inevitably find themselves receiving a lot of well-meaning advice. But while friends, family and other contacts are only trying to help, there’s absolutely no substitute for the kind of guidance you will get from a firm whose own success is based on ensuring its clients succeed in the…
Read More Why You Should Use a Tax Agent
Along with our business advisory, bookkeeping and accounting services, we at Meridian are also a registered tax agency, meaning that we can assist you with every sort of tax compliance, tax advice and tax planning. Some people might think that all employing a tax agent really does is save them some work. While it does…
Read More The Benefits of Professional Bookkeeping
As a business owner – especially one who has just launched a new enterprise – you may feel a responsibility to take care of the company’s financial records yourself. While this dedication is admirable, the reality is that the advantages of employing a professional bookkeeper far outweigh any personal gained satisfaction from “doing it all…
Read More Advice from an accountant when it comes to starting a new business
Fifty percent of start-up businesses fail in the first year and 95 percent fail within the first five years. While no one knows if a business will succeed or fail, you can take steps in order to help your business get off to the absolute best start. Professional accounting advice is a good first step.…
Read More Set your business up for financial success this year
Whether you are working on a side hustle, starting a new business, or have an already-established growing business, you want to be sure that your business is set up for financial success. No one enters into a business to lose money, so every business owner needs to ensure that they are setting themselves up to…
Read More How we can help with cash flow forecasting
Cash flow is critical to your business and while increasing sales is usually the priority, chasing up debts and outstanding payments should be too. As accountants in Rockhampton we often speak with business owners about the best methods of cash flow forecasting. In a nutshell, it’s about estimating your future sales and expenses. Tips to…
Read More How can an accountant help a small business grow?
Whether you are a sole trader, partnership, company or trust, you need a business accountant that works best for you. An accountant that offers comprehensive support, not only at tax time but throughout the entire year. This enables you to focus on growing your business without worrying about your tax compliance and record keeping. Your…
Read More How to start the new financial year right
With the global pandemic changing the way we do business, a new financial year is perfect to assess what is right for you. Tax time is a busy season for any business and while you have probably just spent a lot of effort going over your past year and how it has impacted your business,…
Read More Getting prepared for tax time
With the 2020-21 tax year being such a challenging time for businesses and employees due to COVID-19, taking advantage of changes to the way we work is a must. In need of a few tips for getting prepared for tax time? Have a read of our blog below. Working from home Many of us have…
Read More Non-Payment Of Superannuation Contributions – What It Means For Your Business
Do you understand exactly how the late payment or non-payment of superannuation contributions can affect your business? Since the introduction of Single Touch Payroll, and the end of the super guarantee amnesty, the Australian Tax Office is actively following up on required super contributions. With the recent changes to the way the ATO applies penalties…
Read More New Year, New Business Goals? Top Tips For Success In 2021 From Our Central Queensland Business Advisory
Is Your New Year’s Resolution to get your business back on track after a tumultuous and uncertain 2020? Our Central Queensland business advisory can help! Here’s some tips from our small business advisors to help you position your enterprise for greater success in 2021. PRODUCTIVITY There’s one word here that we need to use, and…
Read More What Are Some Of The Most Common Tax Myths?
Don’t Risk An ATO Audit By Believing Too-Good-To-Be-True Tax Myths. Meridian Accounting & Business Services Can Help You Legally Minimise Your Tax Have you heard a tax myth that sounds so good you want it to be true? There’s plenty going around! Here we list just a few of the most common small business tax…
Read More Planning A New Business In 2021? Our Business Advisory Shares Some Tips To Help You Maximise Your Success
With an arduous 2020 behind us, it’s now time to look towards a brighter business future. If this is the year you’d like to make your mark and start a new business, speak with our experts in Rockhampton and Emu Park. Our Central Queensland business advisory can help make your hectic life that little bit…
Read More Looking For A Shortcut? Check Out Our Favourite Accounting Software Solutions and Apps
So you’re looking for a smart shortcut to make your business run more efficiently? As a small business ourselves, we understand how big an impact accounting software and apps can make to the efficiency and profitability of your business. It’s not only about choosing the right software — it’s about understanding the capabilities of your…
Read More How To Better Manage Your Cash Flow Over The Festive Season
For many SMEs, the festive season may be one of the few opportunities that your business has to shut down and take a break. But it also marks the beginning of a quiet time for many industries. January can be a particularly slow time for sales, so we’ve put together some simple tips so you…
Read More Smart Spending In The Silly Season: Fringe Benefits Tax and Christmas Parties
So, you love your staff (well, we hope you do) and you want to throw them the best Xmas bash ever. But how do you make sure you’re being clever with your accounts while still celebrating the silly season? Here’s the breakdown of FBT and tax deductions for Christmas parties, so you can dance like…
Read More Looking Forward To An Easier NEW FINANCIAL YEAR
I think we can all agree that 2020 won’t go down as one of our favourite years. But as this highly unusual financial year ends, it’s a great time to review your business and make some changes, so the next NEW FINANCIAL YEAR isn’t such a headache. Let’s get positive (and avoid over-using “the C…
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